Operating income shrank to RON44 million from RON67 million, while expenses rose to RON96 million from RON55 million, according to the first half report published on the Bucharest Stock Exchange on Tuesday.
“The SALT Bank Group ended the first half of 2024 with a loss of RON30,607,000, while the bank recorded a loss of RON42,780,000, because of portfolio cleaning transactions and the increase in operational expenses for the development of the digital bank. The NIM net margin is 2.9% at the bank level and 4% at the group level,” the report said.
In the first half of 2024, Salt Bank focused on preparing the bank for the launch of the new systems and of the new mobile app for customers, according to its own strategy, with the official launch taking place on April 4, 2024.
(English version by Loredana Fratila-Cristescu)